3 months on rocket

195 Homan Lake Rd, Iron River, MI, 49935

$2,195,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths, 1 Partial
4,031 SqFt
$545/SqFt
House

Location

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195 Homan Lake Rd, Iron River$2,195,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage
Attached Garage4 spaces
Year Built2013
HeatingPropane, Forced Air, Radiant, Radiant Floor
CoolingNone
WaterfrontLake Front, Waterfront, No Wake
FireplaceGas Fireplace, LivRoom Fireplace, Wood Burning, Free Standing Fireplace
ViewLake, Water
MLS #50154234
Lot Size10.29 Acres
StatusActive

About 195 Homan Lake Rd

Move-in ready and waiting for you, this executive home on 10 acres is situated on the private, serene Homan Lake in Iron County, Michigan. The moment you arrive, you’ll never want to leave. The property is beautifully landscaped, with recently epoxied garage floors and freshly stained buildings. Step inside to discover engineered elm floors with in-floor heating, extending even to the attached garage. The open-concept layout features a chef’s kitchen with soapstone countertops, Alder wood cabinets, and vaulted ceilings that flood the space with natural light. Entertain guests in the dining area, complete with a freestanding Woodstock Soapstone fireplace, or relax in the all-season sunroom, which boasts a built-in grill, hood, and stunning lake views. The living room offers another cozy retreat with a handpicked Montana stone fireplace. The main home includes four bedrooms and 2.5 baths, with a master bath shared by two bedrooms, featuring a tiled steam shower, soaking tub, and double sinks. Upstairs, includes 2 more bedrooms and a bath with a balcony with views of the outdoors and lake. Main-floor living is made easy with a laundry room attached to the garage and plenty of storage throughout the property Additional living quarters above the attached garage provide a bedroom, bath for overflow of guests. The 1590+ sq ft guest house adds even more versatility with one bedroom, one bath, a sauna, kitchen, living area, and a family entertaining space. Outside, a retractable electric/remote awning provides shade on hot days, while wood soffits and gutters add to the home’s charm. The extra detached garage includes upstairs storage accessible by stairs. The waterfront features a beautiful landscaped firepit area and a 72-foot aluminum dock, making it easy to enjoy the tranquil beauty of Homan Lake, which has a max depth of 37 feet. This private lake setting offers the peacefulness of the Northwoods while still being close to other rivers, lakes, and streams. Most furnishings and all appliances in both the main house and guest house are included, and both homes are equipped with security systems for added peace of mind. Located on a private road, this property is a true retreat, ready for you to move in and enjoy.

Property Details

Property Features

Property Information:

  • Year Built: 2013
  • Stories: 2
  • Living Area: 4,031 SqFt

Listing Office:

  • Office Name: KELLER WILLIAMS CLASSIC REALTY NM
  • Office Phone: (763) 463-7500
  • Listing Agent: NICOLE HEBERT

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Oven, Refrigerator, Washer
  • Basement: No
  • Interior: 9 ft + Ceilings, Interior Balcony, Cathedral/Vaulted Ceiling, Ceramic Floors, Hardwood Floors, Spa/Jetted Tub, Security System, Walk-In Closet, Furnished, Spa/Sauna
  • Fireplace: Gas Fireplace, LivRoom Fireplace, Wood Burning, Free Standing Fireplace

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Lake Front, Waterfront, No Wake
  • View: Lake, Water
  • Exterior: Deck, Patio, Sidewalks

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes
  • Parking: Garage

Lot Features

Lot Information:

  • Lot: Trees
  • Lot Size: 10.29 Acres

Utilities

Utilities Information:

  • Heating: Propane, Forced Air, Radiant, Radiant Floor
  • Cooling: None

School Info

School District Information:

  • School District: West Iron County School District

Other

Directions Information:

  • Directions: From Iron River, W on US2 to left on Smoky Lake Rd, turn right on Homan Lake Rd to property on the left - there are two black gates at the driveway. NO SIGNS

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,195,000
  • Price Per SqFt: $545/SqFt
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Housing Market Comparison

See how this home compares to others in Iron River, MI.

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Iron River, MI

City

Med. Sold Price

$87.5K

Med. Price/SqFt

$70

Avg. Days On Market

36

# of Sold Homes

6

195 Homan Lake Rd vs Iron River

105 DAYS ON ROCKET

+69 Days

$2,195,000

+$2.1M More

$545/SqFt

+$475 More

KEY TAKEAWAY

This property is $2.1M more than the Median Sold Price and $475/SqFt more than other homes in Iron River, MI.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Name: Upper Peninsula Assoc of Realtors
  • MLS Number: #50154234

Listing Office:

  • Office Name: KELLER WILLIAMS CLASSIC REALTY NM
  • Office Phone: (763) 463-7500
  • Listing Agent: NICOLE HEBERT

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/19/2024, 1:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - $379,400
2020 - $371,000
2019 - $399,200
2018 - $346,700

History based on county public records data.

Payment Calculator

$11K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,647

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-141715
3
/10

  • Stambaugh Elementary School

  • 700 Washington Ave

  • 9.92 miles

  • Public District Grades PK-6

school-card-donut-141716
4
/10

  • Northland Pines Elementary-Eagle River

  • 1700 Pleasure Island Rd

  • 24.49 miles

  • Public District Grades PK-6

school-card-donut-141717
7
/10

  • Three Lakes Elementary School

  • 6930 W School St

  • 28.36 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,500. Most Iron River, MI residents have annual incomes between $35k-100k. The majority of families are married, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 195 Homan Lake Rd

What is the listing price of this property?

The listing price of 195 Homan Lake Rd property is $2,195,000.

What type of property is this?

The property 195 Homan Lake Rd is a house located in Iron River, Michigan, 49935.

Is this property for sale now?

Active Listing: 195 Homan Lake Rd is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 195 Homan Lake Rd has 5 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 195 Homan Lake Rd is 4,031 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 195 Homan Lake Rd is 2013.

Rocket Homes›Michigan›Iron County›Iron River›49935›195 Homan Lake Rd

This home is located at 195 Homan Lake Rd in Iron River, MI and zip code 49935. This 4,031 square foot home, which was built in 2013, sits on a 10.29 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 04, 2024 and is currently priced at $2,195,000.

In November 2024, from all listings sold in Iron River, MI there were more than 0 sold above asking price, over 4 sold below and more than 2 were sold right at the asked price. The inventory of homes for sale in Iron River, MI between October 2024 and November 2024 decreased by 15.6%. The median list price of listings available in November 2024 was $87,500, while the average time on the real estate market was 36 days.

From Rocket Homes Real Estate and based on county public records data.

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